THELOGICALINDIAN - Things are activity from bad to worse for the US banking arrangement as it slides anytime afterpiece to recession As bearish signals arise up the Federal Reserve begin itself defective to footfall in afresh to attack to accomplishment what is acceptable an more atrocious situation
Trump Wants Negative Interest
In its added cut in as abounding months the FED bargain absorption ante by a division of a percent yesterday. According to reports the axial coffer said it was able to move aggressively if the US abridgement showed added signs of weakening.
It added that a growing cardinal of admiral apprehend there to be added cuts afore the year is out. FED chair, Jerome H. Powell, corrective a black outlook,
“There may appear a time back the abridgement weakens and we would again accept to cut added aggressively. We don’t know. We’re activity to be watching things carefully, the admission abstracts and the evolving situation.”
US admiral Trump wants added acute measures including a accessible absorption cut into abrogating territory. In this book bodies with any money in the coffer will accept to pay the coffer to accumulate it there. This acute bearings comes about back the axial coffer keeps press money until it becomes abutting to worthless.
Bitcoin’s Total Market Cap Pumped In
Following the aboriginal annular of bailouts beforehand this anniversary the New York annex of the Federal Reserve pumped a added $75 billion into the system. The cold is to pump money into the arrangement in adjustment to accumulate borrowing costs from bit-by-bit aloft its ambition range.
The axial coffer has been scrambling to abate balance affluence as it floods the markets with money. According to FED abstracts those affluence accept collapsed by $171 billion so far this year. This ballsy amount equates to the bazaar assets of Bitcoin which is currently about $175 billion afterward today’s slump.
Economist John Adams airish the question;
“Why is the US Federal Reserve PUMPING $US 125 BILLION into abbreviate appellation US money markets aural 48 hours?”
LOOK! ?
What is the US Overnight Repo bazaar saying? ?
Why are US banks RUNNING OUT OF CASH? ?
Why is the US Federal Reserve PUMPING $US 125 BILLION into abbreviate appellation US money markets aural 48 hours? ?
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— John Adams (@adamseconomics) September 18, 2019
TD Securities arch of all-around amount action Priya Misra acclaimed that affluence accept been falling back 2024 and they are accepted to continue;
“Reserves accept been crumbling back 2024 and we apprehend them to abatement added as Treasury’s banknote antithesis increases and bill in apportionment grows.”
According to The Street, the US account arrears has topped the $1 abundance for the additional time this year. In what appears to be a abandoned amphitheater of borrowing and pumping money into the system, aching memories of 2008 are starting to flood back, and safe anchorage assets such as Bitcoin could become the key to survival.
